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Name: _ Date: _
University of Michigan-Dearborn
ECON 201 (010) Fall 2012
Instructor: Zeina Alsalman
Exam One
Multiple Choice (1pts each)
Identify the letter of the choice that best completes the statement or answers the question.
1. The production possibi

THIRD EDITION
ECONOMICS
and
MACROECONOM
ICS
Paul Krugman | Robin Wells
Chapter 4
Price Controls and Quotas: Meddling with
Markets
WHAT YOU
WILL
LEARN
IN THIS
CHAPTER
The meaning of price controls and
quantity controls, two kinds of
government interventio

THIRD EDITION
ECONOMICS
and
MACROECONOM
ICS
Paul Krugman | Robin Wells
Chapter 13(28)
Fiscal Policy
WHAT YOU
WILL
LEARN
IN THIS
CHAPTER
What fiscal policy is and why it is an
important tool in managing economic
fluctuations
Which policies constitute an

THIRD EDITION
ECONOMICS
and
MACROECONOM
ICS
Paul Krugman | Robin Wells
Chapter 11(26)
Income and Expenditure
WHAT YOU
WILL
LEARN
IN THIS
CHAPTER
The nature of the multiplier, which shows
how initial changes in spending lead to
further changes.
The meani

Alicia Richard
Be 401 Winter 2013
Bell Assignment
US Retail Sales & Unemployment Rate
In this study, I choose to analyze data from 2 economic indicators, US Retail Sales and
the US Unemployment Rate, within the last 5 years. Retail sales measures, in bill

Alicia Richard
BE 401 Winter 2013
Current Event # 4
Sales of Guns Soar in U.S. as Nation Weighs Tougher Limits
Demand is an economic principle that describes a consumer's desire and willingness to
pay a price for a specific good or service. The Law of Dem

Alicia Richard
BE 401 Winter 2013
Current Event # 3
The Game Theory behind Starbucks Big Coffee Price Cut
Starbucks is the largest coffeehouse company in the world with over 20,000 stores in over
60 countries. Early this month Starbucks announced it is cu

Alicia Richard
BE 401 Winter 2013
Current Event # 2
Mexico Goes After Its Monopolies
A monopoly is an enterprise that is the only seller of a good or service that has no close
substitutes. While monopolies can be beneficial they can also be very harmful.

Alicia Richard
BE 401 Winter 2013
Current Event # 1
Nuclear Fallout: Less Demand for Uranium Roils Miners
Uranium is a rare radioactive element that can be found in soil and rocks. The primary
commercial use for uranium is to fuel nuclear reactors for the

UNIVERSITY OF MICHIGAN - DEARBORN
Department of Social Sciences
Instructor: Ilir Miteza
ECON. 201-1
2nd Midterm, Fall 2009
Student Name: _
Student ID: _
INSTRUCTIONS: Read the questions carefully and try to be brief and to the point when presenting your a